Calgary, Alberta , 8 December 2009 - Montello Resources Ltd. (TSXV: MEO) ("Montello" or the "Company") Montello provides its first bi-weekly Default Status Report under National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults, pursuant to which Montello announced that the filing of its annual financial statements, management's discussion and analysis, and related CEO and CFO certifications for the year ended July 31, 2009 (the "Required Disclosure"), would be delayed beyond the filing deadline of November 30, 2009. Montello reports that since issuing the original Default Announcement on November 19, 2009, there has not been any material changes to the information contained therein; nor any failure by Montello to fulfill its intentions as stated therein. Further, there has been no additional material changes respecting Montello and its affairs that have not been previously publicly disclosed.

By way of press release dated November 19, 2009, Montello announced the delay in the preparation and filing of the Required Disclosure. Montello intends to file its next Default Status Report on Monday, December 17, 2009.

ON BEHALF OF THE BOARD OF DIRECTORS

"Peter C. Brown"
Peter C .Brown
President-CEO-Chairman